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Please use the information posted in the attached files to answer the following questions, General Motors 2015 Balance Sheet & Ford 2015 Balance Sheets.
Which company appears to be larger based on the 12/31/2015 total assets (things they own)? Ford or GM?
How many more assets do they own (compare the total assets of the 2 companies and take the difference)?Ford or GM?
Which company has the most debt 12/31/2015 (ie...total liabilities or things they owe)? Ford or GM?
How many more liabilities do they owe (compare the total liabilities of the 2 companies and take the difference)?Ford or GM?
Which company has the largest amount of total equity on 12/31/2015 (difference between what they own and owe)?Ford or GM?
How much more equity do they own (compare the total assets of the 2 companies and take the difference)?
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Cash flows from operating, investing, and financing activities-direct method The following information is available from Gray Co.'s accounting records for the year ended December 31, 2013 (amounts in millions):
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